|
If lack of transparency is one of the key constraints on growth for microfinance, lack of standardization is one of the key constraints on transparency. CGAP publishes the Consensus Guidelines series as a way for the industry to agree to common, consistent standards for measuring performance. A selection of Consensus Guidelines includes:
Guiding Principles on Regulation and Supervision of Microfinance Institutions Captured here is broad consensus on many principles of good practice in regulation and supervision of microfinance. The guidelines summarizes these principles for government regulators and others engaged in moving microfinance into the formal financial sector.
Building Inclusive Financial Systems: Donor Guidelines on Good Practice Microfinance (Spanish, French, Arabic) Written collectively by a range of donors and other stakeholders, the donor guidelines on good practice microfinance provide practical guidance for donor staff on how to best interact with, and support, the various actors in microfinance.
Definitions of Financial Selected Terms, Ratios, and Adjustments. A great deal of confusion arises when donors, MFIs, supervisors, and analysts use the same names for ratios that are computed very differently. A working group including Alternative Credit Technologies, IDB, MBB, M-CRIL, MicroRate, PlaNet Finance, SEEP, USAID, and CGAP developed a standard ratio definitions document that CGAP Member Donors endorsed in September 2002.
Disclosure Guidelines for Financial Reporting by Microfinance Institutions. Most MFI financial statements do not include sufficient information to allow a reader to judge the condition or prospects of the institution. Elaborated in consultation with practitioners and donors, the financial statement disclosure guidelines are meant to promote better financial reporting by MFIs. This consensus guideline will be published in 2003.
More Consensus Guidelines
| 
